Grant Thornton Executive Accountant Interview Questions and Answers

Q1. Tell me what are your strengths and weakness
Ans. 
My strengths include attention to detail, strong analytical skills, and ability to work well under pressure. My weakness is that I can be overly critical of my own work.
• Strengths: attention to detail

• Strengths: strong analytical skills

• Strengths: ability to work well under pressure

• Weakness: overly critical of my own work
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Q1. Why did you choose commerce
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Q2. What is accounting
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples: preparing balance sheets, income statements, cash flow statements
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Q3. What is cost accounting
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Cost accounting is a branch of accounting that focuses on calculating and controlling the costs of producing goods or services.
• It involves analyzing, recording, and reporting on the costs associated with producing goods or services.

• Cost accountants help management make decisions by providing information on the costs of different products, services, or activities.

• Examples of cost accounting techniques include job costin
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Q4. What is balance sheet
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Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
• It provides a snapshot of a company's financial position.

• Assets are listed on the left side, liabilities and shareholders' equity on the right side.

• The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.

• It helps investors and analysts assess the ...read more
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Q5. What is insurance
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Insurance is a financial arrangement that provides protection against potential losses or risks.
• Insurance involves a contract between an individual or entity and an insurance company.

• The individual or entity pays a premium in exchange for coverage against specified risks.

• Types of insurance include health, life, auto, home, and business insurance.

• Insurance helps mitigate financial losses in case of accidents, illnesses,
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Q6. Tell me about yourself
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Q1. Accounting Concepts & Basics of Accounting
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Depends on how many candidates come for interview- if candidates around 10-15 they conduct email writing or in other hand candidates more than 15 than will take aptitude test in that you have 10 Q related to logical reasoning 10 Q related Quantitative and financial calculations and rest 10 Q based on case study.

Q1. 1. Tell me about yourself 2. Why you choose these organisation or these profile 3. Basic questions ask regarding financial markets like Derivatives l, CA event etc 4. Where you see yourself in next 5 year'...read more
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Q1. Ask questions related process like if you are applying for Fund accountant than... A) what is fund accounting B) how to calculate Nav C) Questions ask on financial markets in detais D) last they might be ...read more
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What is Balance sheet

What is tha discussion problem and solution

Q1. What is Tds and how explain one sections
Ans. 
TDS stands for Tax Deducted at Source. It is a tax collection method where a certain percentage of tax is deducted by the payer at the time of making payment to the payee.
• TDS is deducted by the payer and deposited with the government on behalf of the payee.

• It is applicable to various payments like salary, interest, commission, rent, etc.

• One section of TDS is Section 194C which deals with TDS on payments to contractors ...read more
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Q2. Tds is tax deduction source 94c comes under tds for contract
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